The Role of SACCOS in Enhancing Financial Security for Government Employees: A Case of SACCOSS Operating in Morogoro Municipality

This study investigates the role of Savings and Credit Cooperative Societies (SACCOS) in enhancing financial security among government employees in Morogoro Municipality, Tanzania. Guided by Maslow’s Hierarchy of Needs, the study employed a mixed-methods design, combining questionnaires from 112 government employees with semi-structured interviews and document reviews from three selected SACCOS. Findings indicate that SACCOS improve financial security by fostering disciplined savings, enhancing financial planning, providing reliable emergency support, and promoting a sense of safety among members. However, challenges such as limited access, operational inefficiencies, and low financial literacy reduce some employees’ benefits. The study recommends enhancing financial literacy programs, improving transparency and access, encouraging consistent savings, strengthening member engagement, and collaborating with government departments.